SBICAP SECURITIES
D-Street looks set for Modi rally tomorrow
After the last phase of the election ended on Saturday, exit polls showed the NDA winning with a comfortable majority. Votes will be counted on June 4. Though some exit polls have been inaccurate in the past, investors will take comfort from the fact that most are forecasting a strong show by the Bharatiya Janata Party (BJP).
SWAMIH, Nisus Finance invest Rs 465 crore in two housing projects
Nisus and SWAMIH Fund invested in Aliens Developers' projects, with Nisus focusing on structured capital. The SWAMIH Fund initiative, introduced by Nirmala Sitharaman, aims to address stalled housing projects.
SWAMIH Fund to invest Rs 160 cr to revive stalled slum rehab project in Mumbai’s Chembur
The government-backed SWAMIH I fund will invest Rs 160 crore in Stans Buildtech Homes' Sky Annex project in Mumbai's Chembur suburb. SBICAP Ventures provides the financing, and Colliers India assists in securing funding. The project aims to be completed with the support of SWAMIH I's corpus of over Rs 15,530 crore, with investors including SBI, LIC, and HDFC.
SJVN secures Rs 10,000 cr construction finance facility from banks
State-owned SJVN Ltd has secured a Rs 10,000 crore construction finance facility to fund its renewable energy projects from leading domestic and international lenders. The facility, a first-of-its-kind transaction, was arranged by SJVN Green Energy Limited (SGEL) in association with SBI Capital Markets Ltd (SBI CAPS). The facility will allow SJVN to draw down funds on an ongoing basis, enabling it to fast-track the development of under-construction renewable energy projects.
Banks told to push Rs 3L crore stuck budget home projects
The government is nudging banks to engage more actively with the 'special window' it has set up to facilitate the completion of stuck real estate projects of more than ₹ 3 lakh crore. So far, only two bank-funded projects have been taken up under the Special Window for Completion of Affordable and Mid-income Housing (SWAMIH) Investment Fund.
Adani group firms pledge shares for lenders of flagship company: SBICAP Trustee
Adani Ports and Special Economic Zone, Adani Transmission Ltd and Adani Green Energy Ltd pledged shares to SBICAP Trustee Co, the firm, a unit of India's biggest state lender, State Bank of India, said in a Friday filing to the Bombay Stock Exchange.
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NARCL improves offer for Meenakshi Energy to Rs 1,003 crore
The revised offer from the government-promoted NARCL, made last week, follows a request from the lenders to the company and is 11% higher than its previous offer, the people cited earlier told ET. NARCL had given a binding bid of ₹900 crore for Meenakshi Energy a fortnight ago amid the final stage of the corporate resolution.
Where to look for leadership in banking pack in Q2? Mahantesh Sabarad answers
“The theme for most of the banks is that the leadership will come once they are up and ahead in terms of cleaning up the books. if you go a little lower in terms of the banks’ sizes, then some of the PSU banks at the lower level -- Uco Bank, Indian Bank or even Canara Bank to some extent-- are doing relatively better when it comes to delivering a good set of results."
Market to rally once earning season is over: Mahantesh Sabarad
“The Covid second wave has hit businesses in a big way but what is more important for any upgrade or a downgrade is what is the guidance that the management is providing because that is interlinked to not just the business top line, but also to how the costs are shaping up and how margins are playing out. ”
Bharti Airtel stock's fate tied to ARPU numbers
"Hopefully, in the coming quarter we will once again see the ARPU trend back on the growth path on a sequential basis."
Stay out of Tata Motors, don’t exit IT sector: Mahantesh Sabarad
“PEG ratio of below 1.3 for IT companies looks very attractive. But that does not mean that if the PEG ratio is around 1.5, it is time to exit IT companies. It only means one should be underweight IT,”
Not just Covid, MPC meet too having an impact on bank stocks: Mahantesh Sabarad
The banks are reacting not only to the lockdown and the effect on Maharashtra state alone, they are probably reacting to the upcoming monetary policy and the monetary policy statement of the RBI, says the Head-- Retail Research, SBICAP Securities.
Mahantesh Sabarad’s IPO choices: Nazara and Craftsman Automation
While opting for IPOs, choice number one has to be driven by the technology transformation they are undertaking and choice number two has to be driven by the y-o-y growth they are delivering for sustainability, says the head of retail research, SBICAP Securities
Are we in for a deep rout in the market? Here’s what Mahantesh Sabarad has to say
The stock corrections in the front line stocks would likely abate after a couple of sessions, says the SBICAP Sec HoR
Go easy on PSU stocks despite rally; consumer durables a better bet: Mahantesh Sabarad
Focus on those sectors which have traditionally given great deal of value to shareholders. Consumer durable companies deliver value, says the Head of Retail Research of SBICAP Securities.
Sequential ARPU growth likely to continue for telecom cos: Mahantesh Sabarad
Other than SBI right now, not many PSU banks would appear very attractive, says SBICAP Securities’ Retail Research head.
What will move the needle for Reliance?
Upcoming 5G auction very important for Reliance, says Mahantesh Sabarad
How will NBFCs be impacted if RBI tightens regulatory norms?
‘NBFCs will gradually have to yield to better management and tighter controls’
Be cautious on financial companies going into Q4
Among financials, we will restrict ourselves to gold financiers and HFCs, says Mahantesh Sabarad
Why Mahantesh Sabarad is betting on larger bank and metal stocks
“The metal sector will continue to do well but one has to be very cautious about some stocks on the valuation front.”
Mahantesh Sabarad on factors that fed IPO frenzy in 2020
Liquidity is chasing only a few sets of stocks which are either delivering quality or have a high potential for growth.
What to buy: Cement or steel?
Cyclically recovering sectors are where money should be allocated and can continue to remain allocated even when the stock prices have gone up, says Mahantesh Sabarad.
Vodafone Idea tariff hike possible if followed by Bharti
Tariff hike won’t sustain unless Bharti and Vodafone come together to announce the next set of tariff hikes, says Rajiv Sharma.
Dabur doing well, Zee out of radar for now
The second quarter numbers show the momentum continuing in Dabur’s healthcare segment which is riding the chyawanprash brand, says Mahantesh Sabarad.
HDFC Bank's Q2 results could be a harbinger of good news for other banks
So far, the results have come better than expected. A market share gain phenomenon is happening across the board, says Mahantesh Sabarad
Why Eicher Motors could be a better pick than Hero or Bajaj Auto
Eicher can potentially do better and this is one stock which got damaged far more relative to the other two stocks in the recent past, says Mahantesh Sabarad.
If IndusInd Bank has used this opportunity to clear up balance sheet, that is welcome: SBICap Securities
'I would be more interested in watching out how the shape of the balance sheet rather than the shape of the P&L at this point of time.'
Expect consumer durable stocks to pick up by festival season: SBICap Securities
‘IT companies is strengthening because there is a lot of background work on deal activity’
Kotak Mahindra Bank has always been a shock absorber: SBICAP Securities
'I would not necessarily take it as a disappointment if the PAT is lower for one quarter here and there. I would look more directionally if the balance sheet outcomes are stronger than P&L'
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